Question

4. On 19 January 2016, a company purchased a plant for RS.4, 00,000.
Depreciation is charged at 10% p.a. on original cost each year. On 30
September 2018, the plant is sold for RS. 2,00,000. Prepare the plant
A/C
Accounts are closed on 31s' march every year.​

Answer 1

Explanation:

hope this helps

depreciation is charged in starting for 72 days and at the time of selling it is charged for 6 months